Jena Acquisition Corporation II

JENA: 10-Q · periodic report

Jena Acquisition Corporation II reported a net income of $1.1 million for the quarter ended March 31, 2026, driven primarily by $2.1 million in interest earned on its trust account, which now holds approximately $237.5 million. The company received a formal notice from the NYSE on April 1, 2026, stating it is not in compliance with listing rules due to having fewer than 300 public shareholders, a critical threshold for continued listing. Management has 45 days to submit a business plan to regain compliance within 18 months, while simultaneously engaging Santander and Kobre Capital as placement agents for a proposed PIPE financing in connection with a potential business combination.

SEC 10-Q•5mo ago